australia's largest bank rolls out support for apple pay

Tuesday, January 22, 2019, 08 PT. Australia's largest bank, Commonwealth Bank of Australia, on Wednesday initiated integration with Apple's product... Announced in post to Commonwealth Bank's Twitter, the new service arrives about month after December promised support would roll out January.. The post is accompanied by video pointing to the many tweets and customer messages that asked the bank to integrate Apple Pay... Commonwealth is the second of Australia's big four banks to offer support for Apple Pay following contentious and collaborative resistance campaign that sought larger slice of the wallet pie.. In 2016, Commonwealth Bank, National Australia Bank and Westpac Banking Corp, along with Bendigo and Adelaide Bank, filed complaint with Australian Competition and Consumer Commission requesting authorization to negotiate access to Apple Pay NFC technology. Initially seeking determination that would force Apple to integrate third-party mobile payments software with iPhone, the banks added contingencies that would allow the banks access to iPhone's NFC controller.. For its part, the stipulations would foster increased competition and choice, and accelerated innovation and investment in the wallet space.. The banks requested permission to boycott services like Apple Pay and the gambit fell in 2017 when ACCC denied authorization to collectively negotiate.. Australia and New Zealand banking group, better known as ANZ, was not part of the attempt at forced negotiations and became the big four bank to Apple Pay in 2016... Read more

Report